Global aircraft engine electrical wiring harnesses and cable assembly market to grow at a CAGR of 6.5% during the period 2017-2021.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is development of CFRP-based electrical harness bracket.

According to the report, one driver in the market is growing demand for procurement of newer generation aircraft. Many commercial aircraft OEMs are involved in developing new generation aircraft that offer higher fuel efficiency and reduced carbon emissions. The improving economy has led to an increase in the disposable income of individuals in countries like China, India, Russia, and the US. Thus, the demand for air travel is expected to double over the next twenty years.

Further, the report states that one challenge in the market is delays in engine delivery. The significant costs involved in the initial stages of production pose certain challenges for engine OEMs that are investing substantially in the development of new and efficient engines in the market. Pratt & Whitney, one of the major engine manufacturers, sustained a decline in engine delivery in 2016 due to the higher production cost of its geared turbofan (GTF) engines. The company initially aimed to deliver 200 units of engines in 2016. However, disruptions in its production process had led to a drop of 50 engine units. In the initial quarter of 2016, the company sustained production costs of around $10 million for manufacturing each unit of its GTF engine, which was formerly estimated at around $2 million per unit.